Claremont Companies borrows $35M from Thrivent Financial For Lutherans for hotel in Soho

Claremont Companies through the entity Soho Hotel LLC as borrower signed a loan agreement with lender Thrivent Financial For Lutherans valued at $35.0 million for the 120-key hotel at 181 Varick Street in Soho. The deal closed on October 30, 2019 and was recorded on November 18, 2019.
The property contains a total of 52,155 square feet of built space.
The average loan per buildable square foot is $671.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 120 hotel units on September 21, 2012.

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